The document provides a series of updates on various national and international events, including India's employment challenges, agricultural production increases, and significant legal rulings by the Supreme Court. It also covers international relations, such as NATO's support for Ukraine and territorial disputes in the South China Sea. Additionally, it highlights advancements in technology, health initiatives, and environmental issues across different regions.
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Current affair April 2024_compressed (1)
The document provides a series of updates on various national and international events, including India's employment challenges, agricultural production increases, and significant legal rulings by the Supreme Court. It also covers international relations, such as NATO's support for Ukraine and territorial disputes in the South China Sea. Additionally, it highlights advancements in technology, health initiatives, and environmental issues across different regions.
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
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CUS T
examveda.comNational
1. Odisha was officially established as a separate
state on 1" April 1936, making it the first state in
ia to be formed on a linguistic basis (during
British Era). After independence, Andhra State
‘was first to be formed on linguistic basis,
2. The recently released India Employment Report
2024, the third in a series by the Institute for
Human Development in partnership with the
Intemational Labour Organization (ILO),
examines youth employment challenges in the
context of India’s evolving economic, labour
market, educational, and skills scenarios over the
past two decades.
3. The Indian rapeseed industry has seen a
significant rise of 7% compared to last year's
output. The significant hike in production is
mainly attributed to larger plantation area for the
crop. India being the world’s largest vegetable oil
importer can see a significant cut down in edible
oil imports on account of this development,
4. The Food Safety and Standards Authority of
India (FSAI) has recently issued a directive
calling all E-Commerce companies _—_to
appropriately categorize beverage drinks. In its
statement, the FSSAI refrains E-Commerce
platforms from referring to cereal based, dairy
based or malt based beverages as "Energy Based
Drinks" or "Health Drinks". Within the
perspective of the countries food laws, the
directive seeks the correct and relevant definition
of "Health Drinks".
5. In December 2023, Tamil Nadu was severely
affected by Cyclone Michaung and subsequent
floods. The state has filed a suit at the Supreme
Court, claiming that the Centre is withholding
national disaster relief funds necessary to aid the
affected areas
6. The 4" edition of Apollo Hospital's flagship
Health of Nation Report, released on World
Health Day 2024, has shed light on the growing
burden of non-communicable diseases (NCDs) in
India, The report highlights the need for urgent
interventions to combat the rising incidence of
cancer, diabetes, hypertension, cardiovascular
diseases, and mental health issu
7. The Brihanmumbai Municipal Corporation
(BMC) has announced that starting 1" May 2024,
shops and establishments in Mumbai that fail to
display signboards in Marathi or Devanagari seript
will face double property tax. This move comes as
part of the BMC’s efforts to enforce the use of
Marathi language on signboards, aligning with the
Maharashtra Shops and Establishments Rules and
a recent Supreme Court directive
8. In a significant judgment released recently, the
Supreme Court of India recognized the right
against adverse effects of climate change as a
fundamental right within the ambit of Articles 14
(right to equality) and 21 (right to life) of the
Indian Constitution.
9. The Supreme Court of India has stressed the
importance of cooperation between the central and
state governments in addressing the release of
funds for drought relief, The court's remarks came
in response to a plea filed by the Karnataka
government, urging the Centre to release Rs
35,162 crore for drought relief due to the severe
calamity faced by the state,
10. On 9'" April 2024, the Supreme Court of India
made a significant ruling regarding the right 10
privacy of election candidates. The decision came
in response to a petition filed by Arunachal
Pradesh MLA Karikho Kri, challenging a Gauhati
High Court decision that declared his election
void due to non-disclosure of three vehicles as
assets in his affidavit.
11. According to a report on Global Trade
Outlook and Statistics released by the World
Trade Organi ion (WTO), India has now
become the fourth largest exporter of digitally
delivered services. The country's share in
international trade in services has increased to
more than a fifth.
12. The Election Commission of India has
eliminated the requirement for Kashmiri migrant
voters in Jammu and Udhampur districts of J&KExamveda
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to fill out 'Form M' to vote in the Lok Sabha polls
This decision comes after years of demand from
displaced voters in the region.
13. The Union government has directed an
investigation into organ transplants involving
foreign nationals in India due to a significant
inerease in the number of such transplants
Concerned about potential "commercial dealings
in organs transplanted on foreigners, the Ministry
of Health and Family Welfare has called for closer
monitoring by state and union territory authorities
and actions against hospitals violating rules.
14. The Union Public Service Commission
(UPSC) announced the results of the Civil
Services Examination (CSE) for the year 2023 on
16" April 2024. A total of 1,016 candidates were
recommended for various prestigious government
services such as the Indian Administrative Service
(IAS), Indian Foreign Service (IFS), Indian Police
Service (IPS), and other central services.
15. Manipur Chief Minister N. Biren Singh has
announced a significant victory in the state's fight
against opium poppy cultivation, with a 60%
decrease in the cultivation area over the three-year
period from 2021 to 2024, based on a report by
the Manipur Remote Sensing Applications Centre
(MARSAC).
16. Election Commission of India (ECI) has
launched the Saksham app, a mobile application
designed to facilitate voter registration and
electoral services for Persons with Disabilities
(PwDs). The app aims to make the voting process
more accessible and inclusive by providing
customized services to PwDs, ensuring. their
active participation in the democratic process.
17. The department of Animal Husbandry &
Veterinary Services (AH&VS) in Nagaland has
successfully contained an outbreak of African
Swine Fever (ASF) in Kohima. According to Dr.
Hang, Deputy Chief Veterinary Officer, the first
case of ASF in India was detected around 2020,
suspected to have originated from China and
entered through Arunachal Pradesh before
reaching Nagaland.
18. The Indian Institute of Science (IISc) has
launched the Longevity India Initiative, a large-
scale project aimed at pioneering ageing research
in India, The initiative seeks to enhance the
understanding of ageing through fundamental and
applied research, develop solutions to improve
quality of life, and extend human ‘healthspan’ by
tackling ageing-related challenges.
19. The Pacific Ring of Fire, also known as the
Circum-Pacifie Belt, is a path along the Pacific
Ocean characterised by active voleanoes and
frequent earthquakes. It is a horseshoe-shaped belt
about 40,000 km long and up to about 500 km
wide,
20. The Madras High Court has instructed the
Tamil Nadu government to implement the
Guidelines for Elimination of Corporal
Punishment in Schools (GECP) provided by the
National Commission for Protection of Child
Rights (NCPCR). Justice S. M. Subramaniam
issued the directive to the Principal Secretary to
Government, School Education Department, while
passing interim orders on a petition filed by
Kamatchi Shanker Arumugam
21, In the tribal-majority Diphu Lok Sabha
constituency of Assam, which went to polls on
26" April 2024, the implementation of Article
244(A) of the Indian Constitution has emerged as
a key election promise by candidates across all
political parties. This constitutional provision
allows for the creation of an autonomous state
within Assam, granting greater autonomy to tribal
areas.Examveda
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International
1, On 1* April 2024, Romania and Bulgaria
partially joined the Schengen Area, Europe's ID-
check-free travel zone, This marks a significant
step in the two countrie's integration with the
European Union (EU). However, land border
checks will remain in place due to opposition from
Austria, which has long blocked their bid over
concerns about illegal migration
2. The countries of Philippines and China are
facing a major territorial dispute in the waters of
South China Sea. In hindsight, Philippines is
gearing up to witness long standing economic
tensions with China in coming days. The
increasing maritime tensions between the warring
countries come as a direct result of President
Ferdinand Macros Junior pushing for a more
assertive stand on South China Se:
3. Foreign Ministers under NATO arrived at
strategic decisions to heighten military support for
war-tom Ukraine, This comes as a long-term
proposal including a special standing for a 100
billion Euro fund extending for five years. This is
seen as a special gestural support for Kyiv.
4. United States and the United Kingdom have
recently signed an agreement to work together on
developing tests for the most advanced artificial
intelligence (AI) models. This agreement is a
follow-through on commitments made at the
Bletchley Park AI Safety Summit last year.
5. Taiwan was hit by a strong carthquake in the
early morning hours of 3" April 2024, measuring
7.2 on the Richter scale. More than 1099 civilians
were injured and 10 killed in the quake. Almost 50
workers who were going to a national park in a
mini bus were reportedly missing after the attack.
6. South Korea has successfully launched its
second domestically developed military spy
satellite into orbit. The satellite, carried by a
SpaceX Falcon 9 rocket, was launched from an
American space centre. This achievement follows
the successful launch of South Korea's first
military spy satellite in December 2022, which
was also carried by a SpaceX Falcon 9 rocket.
7. The Canadian government has announced a
substantial C$2.4 billion ($1.8 billion) investment
package to bolster the country’s artificial
intelligence (Al) sector. The move comes as Prime
Minister Justin Trudeau continues to unveil
spending plans ahead of a new budget.
8. General Dimitrios Choupis, the Chief of Greece
National Defence General Staff, arrived in India
for an official visit on Monday, 8" April 2024. As
part of the ceremonial reception, General Choupis
received the Guard of Honour at South Block
Lawns in Delhi, marking the beginning of his
engagements in the country.
9. An Indonesian delegation led by Mochammad
Firman Hidayat, Deputy Coordinating Mi
Maritime Resources, Coordinati
Maritime Affairs and Investment, visited India last
week to explore collaboration in various sectors
and learn from India's best practices in the mid-
day meal scheme and digital inclusion,
10. A 1938 copy of Action Comics No. 1, the
comic that introduced Superman to the world, has
been sold for a record-setting $6 million at
auction. The rare comie was purchased by an
anonymous buyer, making it the most expensive
comic book ever sold at auction. The previous
record was held by another Superman comic,
Superman No. 1, which sold privately for $5.3
million in 2022.
11. The seventh round of negotiations for the
India-Peru Trade Agreement concluded in New
Delhi on 11" April 2024. The discussions aimed
at understanding cach other's priorities and
concems to ensure mutual respect and benefit.
12, India and the US have recently agreed to
reactivate the Indian Ocean Observing System
(IndOOS), a network of 36 moored buoys in the
high seas aimed at collecting ovean and
atmospheric data for weather forecasts. The
system fell into neglect during the COVID-19
pandemic, leading to gaps in crucial observational
data, particularly related to the Indian Ocean
Dipole phenomenon and monsoon predictions.Examveda
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13. Ukraine's parliament has passed a
controversial conscription law aimed at
replenishing depleted forces as Russia continues
its advance. The law requires men aged 18 to 60
to carry military registration documents and
mandates registration for military service for men
applying for state service abroad.
14, Legislative elections were held in South Korea
recently, to clect all 300 members of the National
Assembly. The main opposition Democratic Party
and its satellite party won a combined 175 seats,
while another small liberal opposition party
obtained 12 seats. This dealt a major blow to
President Yoon Suk Yeo! and his conservative
People Power Party, which together won only 108
seats.
15. India has welcomed the Taliban regime's
decision to restore private land rights to Afghan
Hindus and Sikh minorities as a positive
development. The Taliban administration has set
up a commission to ensure the return of property
rights to the Hindu and Sikh communities, which
were seized by warlords during the previous
dispensation in Kabul.
16. The recent drone and missile attacks by Iran
on Israel mark a significant escalation in the
longstanding covert war between the two nations
This conflict, which began with an Israeli airstrike
on Iran's consulate in Damascus, killing several
members of the Islamic Revolutionary Guard
Corps, has now erupted into open aggression,
17. The Arrow Defense System is a comerstone of
Israel's multi-layered defense strategy against
aerial threats, including ballistic missiles
Developed jointly by Israel Aerospace Industries
and the U.S, Missile Defense Agency, this system
began creation in the late 1980s and has evolved
over decades to comprise several variants, notably
the Arrow 2 and Arrow 3 systems.
18. Former President Donald Trump is facing a
trial involving hush money payments to adult film
actress Stormy Daniels. The trial could potentially
impact his presidential campaign and keep him
tied up in court for weeks. The jury selection
process began and could take up to two weeks or
longer. Trump was indicted more than a year prior
on 34 counts of falsifying business records.
19. Nigeria has become the first country in the
world to roll out a new vaccine (MenSCV)
recommended by the World Health Organization
(WHO) to protect against five strains of the
meningococcus bacteria. The vaccine is funded by
Gavi, the Vaccine Alliance, which supports lower-
income countries with routine vaccination against
meningitis.
20, India's Directorate General of Foreign Trade
(DGFT) has imposed restrictions on the export of
essential commodities to the Maldives. This action
entails that essential items categorized as
prohibited or restricted can only be exported
through four specific ports in India
21. Musk is expected to announce an investment
of $2-$3 billion in the country, primarily for
building a new factory. This move marks Tesla's
entry into the world’s third-largest auto market,
where electric car adoption is still in its nascent
stage,
22. North Korea has conducted tests on a new
“super-large” warhead designed for the Hwasal-1
Ra-3 strategic cruise missile, as well as a new type
of anti-aircraft missile called the Pyoliji-1-2.
Hwasal-1 Ra-3. is a strategic cruise missile
developed by North Korea. It is designed to carry
a “super-large" warhead and can likely. strike
targets across South Korea and Japan,
23. Recently, the World Health Organization
(WHO) prequalified a new oral cholera vaccine
called Euvichol-S, manufactured by EuBiologics
Co., Ltd. in South Korea. The we has a
similar efficacy to existing cholera vaccines but
features a simplified formulation that allows for
faster and more cost-effective production.
24, Mount Ruang, a remote volcano located in
Indonesia's North Sulawesi region, erupted
recently, sending a plume of ash 400 meters
(1,312 feet) above the peak. This eruption
followed several others, which forced thousands
of residents to evacuate as molten rocks rained
down on their villages. The volcano startedExamveda
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erupting stirring a mix of lava, ash columns, and
volcanic lightning.
25. The Africa Centres for Disease Control and
Prevention (Africa CDC) has expressed
disappointment and criticism towards Moderna
Inc.'s decision to reconsider its plans for building
a $500 million vaccine manufacturing facility in
Kenya. Moderna, known for its COVID-19
vaceine, had announced the investment in October
2021 to support the production of its mRNA
vaccine portfolio in Africa.
26. The U.S. Department of State has announced
the commencement of planning for the withdrawal
of approximately 1,000 American troops from
Niger. This decision marks a significant shift in
USS. foreign policy and military strategy in Attica,
particularly in the Sahel region, a hotspot of
extremist act and geopolitical competition.
27. On 20" April 2024, Nepal hosted its first
International Rainbow Tourism Conference in
Kathmandu, with an objective to promote the
country as a safe and inclusive destination for
LGBT tourists. This conference was organized by
the NGO Mayako Pahichan Nepal in collaboration
with the Nepal Tourism Board.
28. The government of Israel has launched a new
fund called Yozma 2.0 to encourage institutional
investors, such as insurance companies and
pension funds, to increase their investments in
high-tech companies. The fund aims to diversify
the sources of funding for Israel's tech sector,
which plays a crucial role in the country's
economy.
29, European Union has recently introduced a
revamped visa system specifically for Indian
nationals. This change, effective from April 2024,
fundamentally alters the dynamies of how Indians
can approach travel within the Schengen area
Traditionally, Schengen visas were provided
typically with shorter validity periods, placing
restrictions on frequent travellers.
30. The UK's Rwanda Scheme, officially initiated
under = Prime = Minister Bor Johnson's
administration in April 2022, is a controversial
migration policy designed to deter unauthorized
arrivals to the UK by rerouting asylum seekers to
Rwanda.
31. Chinese President Xi Jinping has recently
dissolved the Strategic Support Force (SSF),
which was established in 2015, The SSF, once a
cutting-edge unit integrating cyber and space
warfare capabilities, were restructured into three
separate entities: I. Information Support Force
(ISP), 2. Aerospace Force, and 3. Cyber Force,
32. Armenia and Azerbaijan have placed the first
border marker, following a bitter conflict over the
Nagorno-Karabakh region. Experts from both
countries are working on demarcating their
boundaries as part of the peace process. The two
nations are working towards a peace treaty after
Azerbaijan regained full control of the Nagorno-
Karabakh region that had been under the control
of ethnic Armenian forces since the 1990s
33. Recently, China launched the Shenzhou-18
spacecraft carrying a three-member crew to its
orbiting Tiangong space station. The mission is
part of China's ambitious space program, which
aims to put astronauts on the moon by 2030.
34. Recently, the World Health Organization
(WHO) announced that its member states were
close to agreeing on a package of amendments to
the International Health Regulations (2005) aimed
at better preparing the world for future public
health emergencies.
35. The World Health Organization (WHO)
unveiled an ambitious new operational strategy to
accelerate progress against malaria and achieve
the disease climination targets outlined in the
Global Technical Strategy for Malaria 2016-2030.
36. Recently, Sheikh Mohammed bin Rashid Al
Maktoum, the ruler of Dubai and Prime Minister
of the United Arab Emirates (UAE), announced
the approval of a new passenger terminal at Al
Maktoum International Airport, The project,
estimated to cost 128 billion AED ($34.85
billion), aims to create the world’s largest airport
terminal.
37. Over the last 15 years, China's share in India’s
imports of industrial goods has increased fromExamveda
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21% to 30%, according to a report by the Global
Trade Research Initiative (GTRI). This growth in
imports from China has outpaced India's overall
import growth, with China's exports to India
growing 2.3 times faster than India’s total imports
from other countries.
38. India and the United Kingdom are engaged in
discussions on sharing technical expertise and
experience in maritime electric propulsion
systems to meet the future requirements of Indian
warships. The two countries are also exploring a
training agreement to enhance cooperation among
their armed forces.
Defence
1. The government of India openly expressed
strong criticism over China's latest endeavours of
renaming selected places in Arunachal Pradesh
India further reiterated that they were baseless
attempts by the neighbouring country. From the
Ministry of Extemal Affairs, a statement was
released about Arunachal Pradesh being an
important integral part of democratic India.
2. The Indian Army has received the first batch of
24 Russia-made Igla-S Man Portable Air Defence
Systems (MANPADS) and 100 missiles as part of
a larger deal that includes domestic production in
India. This procurement aims to enhance the
Army's Very Short Range Air Defence
(VSHORAD) capabilities, particularly in high
mountainous terrain along the northem border.
3. India is expanding its strategic ties with key
regions by posting defence attaches in several
countries, including Ethiopia, Mozambique, Ivory
Coast, Philippines, Armenia, and Poland. This
move comes amid renewed geopolitical rivalries
and is part of India's broader policy initiative.
4, The Trishakti Corps of the Indian Army
recently conducted a training exercise on Anti-
Tank Guided Missile (ATGM) firing at a Super
High-Altitude Area of 17,000 Feet in Sikkim. The
exercise involved Missile Firing Detachments
from Mechanized and Infantry Units of the entire
Eastern Command, showcasing the capability to
neutralize armoured threats with high lethality i
treacherous mountainous terr
5. The government has placed a record Rs, 65,000
crore order for 97 LCA Mark 1A fighter jets with
Hindustan Aeronautics Limited (HAL), the largest
ever order for indigenous military hardware. The
advanced version of the Tejas aircraft, LCA Mark
1A will replace the aging MiG fleet of the Indian
Air Force.
6. The Defence Research and Development
Organisation (DRDO) and the Indian Army have
successfully conducted trials of the Man-Portable
Anti-Tank Guided Missile (MPATGM) Weapon
System at PFFR in Rajasthan. The MPATGM
Weapon System was indigenously designed and
developed by DRDO and consists of the
MPATGM, the Man Portable Launcher, the
Target Acquisition System (TAS), and the Fire
Control Unit (FCU).
7. The Indian Air Force (IAF) is enhancing the
security at 30 more of its air bases across the
country with an advanced multi-layered, multi-
sensor, hi-tech surveillance, and intrusion
detection system. This move builds on the
installation of the Integrated Perimeter Security
System (IPSS) already in place at 23 high-priority
air bases, of which the system is currently
operational at 17-18 sites.
8. The Indian Navy inaugurated a state-of-the-art
Submersible Platform for Acoustic
Characterization and Evaluation (SPACE) in
Kerala's Idukki, This platform was set up by the
Naval Physical & Oceanographic Laboratory of
DRDO to serve as a premier testing and
evaluation hub for sonar systems used by the
Indian Navy on various platforms such as ships,
submarines, and helicopters.
9. An advanced stealth aircraft equipped with
artificial intelligence (Al) technology played a
crucial role in helping Israel detect and defend
against a surprise missile attack launched by Iran.Examveda
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The aireraft, known as "The Oron” or "Multi-
Mission Airborne Reconnaissance and
Surveillance System (MARS2)", is priced at
approximately Rs. 8,200 crore and is one of the
‘most resourceful and compact stealth planes in the
world.
10. The Armed Forces Medical Services (AFMS)
and Indian Institute of Technology (IIT) Kanpur
have signed a Memorandum of Understanding
(MoU) to collaborate on research and
development of technologies to address health
issues faced by soldiers in difficult terrains. The
MoU was signed by Lt Gen Daljit Singh, Director
General of AFMS, and Prof S. Ganesh,
Officiating Director of IIT Kanpur.
11, India will deliver the first batch of BrahMos
supersonic cruise missiles to the Philippines soon
The delivery is part of a USD 375 million deal
signed between the two nations in 2022 , marking
India's first major defenee export,
12. The Indian Army is progressing two projects
worth over Rs. 6,800 ctore to develop indigenous
Very Short Range Air Defence (VSHORAD)
systems. These shoulder-fired missile systems are
being developed to counter aerial threats along the
borders with China and Pakistan. The Army plans
to procure over 500 launchers and around 3,000
missiles through these indigenous routes.
13. Lieutenant Commander Dilna K. and
Lieutenant Commander Roopa A., two women
officers of the Indian Navy, created history by
successfully completing a nearly two-month
transoceanic expedition on the Indian Naval
Sailing Vessel (INSV) Tarini, They are the first
women from India to achieve this remarkable feat
The expedition, flagged off from Goa on 28"
February 2024, concluded with Tarini's
triumphant return to her base port on 21% April
2024.
14, India signed a USD 3.5 billion deal with
Russia in October 2018 to acquire five units of the
S-400 Triumf surface-to-air missile systems.
Russia has already supplied three units of the S-
400 missile systems to India as of April 2024. The
remaining two regiments are set to be delivered by
2025, following some delays due to the ongoing
Russia-Ukraine conflict.
15. The Indian Air Foree (IAF) achieved a
ignificant milestone by successfully test-firing an
air-launched ballistic missile, known as ROCKS
or Crystal Maze 2. The missile, capable of striking
targets over 250 kilometers away, was launched
from a Su-30 MKI fighter jet in the Andaman and
Nicobar Islands.
16. Recently, the Defence Research and
Development Organisation (DRDO) _ has
developed the lightest bulletproof jacket in India
The jacket, designed by the Defence Materials and
Stores Research and Development Establishment
(DMSRDE) in Kanpur, offers protection against
the highest threat level 6 as per BIS 17051
standardsExamveda
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Business, Economy & Bankin
1, India’s stock market capitalization is currently
the fifth largest globally at $4.5 trillion, according
to a report titled 'Recap 2024. Crystal Gaze 2025'
by financial conglomerate Pantomath Group. The
report predicts that India's market cap is likely to
hit $10 trillion by 2030, driven by strong
economic growth and favorable government
policies. This would make India the third-largest
economy in the world by 2027.
2. The Supreme Court is currently hearing
arguments on whether state governments have the
power to regulate and control the sale,
distribution, pricing and other factors relating to
‘industrial’ alcohol. The case has been referred to a
9-judge Bench headed by Chief Justice of India D.
Y. Chandrachud.
3. The Monetary Policy Committee (MPC) of the
Reserve Bank of India (RBI), which met recently,
decided to keep the repo rate - the main policy rate
= unchanged at 6.5 per cent and maintain the
policy stance of ‘withdrawal of accommodation!
Both the decisions were taken in a majority 5:1
voting by the six-member MPC, headed by RBI
Governor Shaktikanta Das.
4. Recently, Indian Government has announced &
Rs. 496 crore scheme (until 2025-26) to support
pilot projects testing the viability of green
hydrogen as a fuel for cars and heavy vehicles.
The scheme, under the Ministry of New and
Renewable Energy (MNRE), aims to validate the
technical feasibility, evaluate economic viability,
and demonstrate safe operation of hydrogen-
powered vehicles and refuelling stations.
S. Cochin Shipyard Limited (CSL), a state-run
shipbuilding facility in Kochi, has become the
third Indian shipyard to enter into a Master
Shipyard Repair Agreement (MRSA) with the
U.S. Navy. This agreement enables CSL to repair
U.S. Navy ships, following in the footsteps of
Larsen & Toubro (L&T) and Mazagon Dock
Shipbuilders Ltd. (MDL).
6. The Special Window for Affordable and Mid-
Income Housing (SWAMIH) Fund, backed by the
central government, has played a crucial role in
the completion of over 28,000 homes since its
inception in 2019. The fund, managed by SBICap
Ventures Ltd, has also contributed to the growth
of various ancillary industries in the real estate
and infrastructure sector.
7. HDFC Bank has become the first private sector
bank to establish a branch in Kavaratti Island, part
of the Union Territory of Lakshadweep. The bank
aims to improve banking infrastructure in the
region by offering a variety of services, with a
focus on personal and digital banking
8. Unified Payments Interface (UPI) and wallets
have become an integral part of our daily lives in
recent years, thanks to the efforts of companies
like Paytm, PhonePe, and Amazon, However,
users have often complained about the limitation
of using wallet money only through the web or
mobile application provided by the prepaid
payment instrument (PPI) issuer.
9. The central government is planning to establish
dedicated testing labs for high-grade Kasturi
cotton in six states as part of a push to promote the
Indian cotton brand globally. Currently, the
certification of Kasturi cotton is conducted
through a limited number of NABL-accredited
labs, and the government aims to enhance the
quality standards and global acceptance of Indian
textiles through this initiative.
10. Reserve Bank of India (RBI) has allowed
Indian residents to hedge their gold price risk on
recognised exchanges in the _ International
Financial Services Centre (IFSC). Governor
Shaktikanta Das announced the decision during
the Monetary Policy Committee (MPC) meeting
Where the repo rate was increased by 35 basis
points to 6.25 percent.
11. The Central Board of Direct Taxes (CBDT)
has achieved a significant milestone by entering,
into a record number of 125 Adyance Pricing
Agreements (APAs) with Indian taxpayers in the
financial year 2023-24. This includes 86
Unilateral APAs (UAPAs) and 39 Bilateral AAS
(BAPAS), marking the highest ever APA signingsExamveda
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in any financial year since the launch of the APA,
programme,
12. India has begun developing an indigenous
bullet train that will surpass speeds of 250
kilometres per hour (kmph), making it faster than
any existing train on the Indian Railways network
In the global context, high-speed trains are defined
as those capable of traveling at speeds exceeding
250 kmph, such as the French TGV and the
Japanese Shinkansen.
13. India, despite being a major producer and
consumer of pulses, has seen a significant increase
in pulses imports in the 2023-24 fiscal year.
Imports have nearly doubled to USD 3.74 billion,
with shipments have surpassed 45 lakh tonnes,
compared to 24.5 lakh tonnes in the previous year.
14. Paytm has received approval from the
National Payments Corporation of India (NPCI) to
migrate its users to other banks for Unified
Payments Interface (UPI) based payment services,
The company has completed its integration with
four major banks - State Bank of India, Yes Bank,
HDFC Bank, and Axis Bank, and has started the
process of transitioning its users to these new
Payment System Provider (PSP) banks.
15. The Kerala Health Department is set to
introduce detailed standard operating procedures
(SOPs) for the outbreak investigation and control
of at least cight infectious diseases as part of its
One Health initiative. This marks the first time
that such comprehensive guidelines are being
developed at the state level on the One Health
platform in India.
16. National Payments Corporation of India's
(NPCI) wholly-owned subsidiary NPCI Bharat
BillPay Limited (NBBL) has partnered with State
Bank of India (SBI) to enable online recharge of
SBI's National Common Mobility Cards (NCMC)
through the Bharat BillPay platform. This move
aims to provide a convenient and seamless top-up
facility to NCMC users while avoiding long
queues.
17. According to the latest report released, India’s
foreign exchange reserves fell by $5.4 billion to
$643.16 billion, This decline comes afier the
reserves reached an all-time high of $648.56
billion, following a seven-week gaining streak.
18. The Securities and Exchange Board of India
(SEB) has proposed a framework for price
discovery of shares of listed Investment
Companies (ICs) and Investment Holding
Companies (IHCs) whose market price is trading
at a significant discount to their book value.
19. As the number of satellites in Barth's orbit
continues to grow at an unprecedented rate,
experts are raising concems about the potential
impact of space debris on the planet’s magnetic
field and atmosphere.
20, Recently, the reports emerged from Hong
Kong's Centre for Food Safety (CFS) and the
Singapore Food Agency (SFA) indicating. the
detection of ethylene oxide, a known carcinogen,
in several Indian spice products. The affected
products included specific batches of spices from
popular Indian brands MDH and Everest, leading
to recalls and a cessation of sales in affected
markets.
21. The technology giant Google has recently
made headlines due to its handling of employee
protests against Project Nimbus, a lucrative cloud
computing contract with the Israeli government.
In April 2024, Google fired 20 employees, adding,
to the previously dismissed 28 workers who
participated in sit-in protests,
22, India's jewellery exports, particularly plain
gold jewellery, experienced significant growth in
the 2023-24 financial year (FY24) despite various
challenges faced by the industry. The Gems &
Jewellery Export Promotion Council (GIEPC)
reported a 61.72% increase in plain gold jewellery
exports, reaching $6,792.24 million compared 10
$4,199.96 million in the previous year.
23. The Union govemment has approached the
Supreme Court seeking clarification on whether it
can allocate certain classes of spectrum through
administrative process, rather than competitive
auetions. The government argues that
administrative allocation may be necessary in
certain situations to address unanticipated
priorities related to national security, publicExamveda
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interest, or when auctions are not viable due to
technical or economic reasons.
24. The Government of India, in collaboration
with SBI Cards and Payment Services Ltd (SBI
Card) and telecom operators, is developing an
innovative solution to combat the growing threat
of cyber fraud and phishing attacks involving
stolen one-time passwords (OTPs). The Centre is
testing a system that allows banks to track the
registered address and geolocation of a customer
and compare it with the location where the OTP is
being delivered.
25, Government has set up a three-member
committee of gynecologists to finalize a list of
over-the-counter (OTC) drugs that will be
available for sale at general stores without the
need for a prescription. The committee, chaired by
the Directorate General of Health Services Atul
Goel, aims to complete the list within two weeks.
26. The National Bank for Agriculture and Rural
Development (NABARD) unveiled its Climate
Strategy 2030 document on Earth Day to address
India's growing need for green financing. The
strategy aims to mobilize resources for climate
change mitigation, adaptation, and_ resilience
projects in the country.
27. According to the recent report, the Indian
economy must grow at a rate of 8-10% per annum
over the next decade to reap the benefits of its
demographic dividend. The RBI emphasizes that
India's developmental strategy for the coming
decades should focus on maximizing the
contribution of its young and growing labor force
to the growth of gross value added (GVA).
28. The Reserve Bank of India (RBI) directed
Kotak Mahindra Bank to immediately stop
onboarding new customers through online and
mobile banking channels, The central bank also
barred the private lender from issuing fresh credit
cards, citing significant concerns observed during
its IT examination of the bank for the years 2022
and 2023.
29. The Reserve Bank of India (RBI) has issued
draft guidelines titled "Digital Lending -
Transparency in Aggregation of Loan Products
from Multiple Lenders” to promote transparency
in the digital lending space. The guidelines
propose that Lending Service Providers (LSPs)
should provide borrowers with a digital view of all
loan offers available from willing lenders with
whom the LSP has arrangements.
30. The Confederation of Indian Industry (CII)
launched a new Corporate Governance Charter for
startups to provide guidance on good governance
practices tailored to the unique needs of startups at
different stages of growth.
31. The Indian Railways plans to set up an
additional 200 Gati Shakti Cargo Terminals:
(GCTs) to boost freight revenue, decongest rail
networks, and enable faster passenger train
movement. This expansion follows the successful
implementation of the first 100 GCTS announced
in the Union Budget 2022-23.Examveda
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Science & Technolo;
1. The Kodaikanal Solar Observatory (KoSO) is a
solar observatory located in Kodaikanal, Tamil
Nadu. Established in 1899, it is one of the oldest
solar observatories in the world and has been at
the forefront of solar research for over 125 years
The observatory, which celebrates its 125 years of
existence, is currently operated by the Indian
Institute of Astrophysics (ITA), Bengaluru.
2. An international team of scientists, led by
researchers. from the Physical Research
Laboratory (PRL) in Ahmedabad, has discovered
strong evidence indicating the presence of ozone
on Callisto, one of Jupiter's largest moons.
3. A research centre in Romania, part of the
European Unions Infrastructure Extreme Light
Infrastructure (ELI) project, has developed the
worlds most powerful laser. The laser, operated by
French company Thales Group, utilizes Nobel
Prize-winning inventions and __ promises
revolutionary advancements in various fields,
including healthcare and space exploration
4. Recently, the Computer Emergency Response
Team (CERT-In) has issued a warning regarding
the potential misuse of public charging ports
found in locations such as cafes, hotels, and
airports. The agency has alerted users about the
risk of “juice jacking attacks," where
cybercriminals can exploit’ USB ports to
compromise devices when they are connected for
charging.
5. Recently, OpenAL introduced a new AI model
called Voice Engine, This model can replicate any
voice in any language using a brief audio sample,
allowing users to generate audio content in the
same voice and manner of speaking as the original
sample. Despite its potential applications, the
company has not yet released Voice Engine for
public use, reportedly due to safety concerns.
6. NASA is gearing up for the upcoming total
solar eclipse when the moon's shadow will
traverse a vast swath of North America. To
capture this rare celestial event, the space agency
will deploy two of its specialized WB-S7 jet
planes, equipped with state-of-the-art instruments,
to track the eclipse and conduct scientific studies
of the Sun's outer atmosphere, known as. the
corona.
7. Tata Advanced Systems Ltd (TASL), a
subsidiary of Tata Sons, has successfully launched
India’s first military-grade geospatial satellite built
entirely by the private sector. The satellite, named
TSAT-1A, was launched recently, in collaboration
with Satellogic, marking a significant milestone in
India's space industry.
8. In May 2021, the Dark Energy Spectroscopic
Instrument (DESI) began its five-year survey to
map the universe and study dark energy. Recent
findings from the first year of DESI observations,
which included light from 6 million galaxies up to
11 billion years old, hint at potential changes in
dark energy density, challenging current
theoretical models.
9. Scientis at the Indian Institute of Science
(IISc) have developed a sustainable hydrogel to
remove microplastics from water, addressing the
global issue of plastic pollution. Microplastics
particles less than 5 millimetres in size, are
pervasive in oceans, soil, and even the air we
breathe, posing a threat to human health
10. The India Meteorological Department has
announced that India is likely to experience
above-normal rainfall in the 2024 monsoon
season, with La Nina conditions expected to set in
by August-September. This prediction is based on,
historical data showing above-normal rainfall
during previous La Nina events following El Nino
periods.
11, Union textiles ministry is working on
developing fabric-based teeth to make dental
implants more affordable. The plan involves using
dental resins made from polyester to replace
expensive ceramic, polymer, and composite
implants, with research being conducted by
institutions like AIMS and IITs, Fabric-based
teeth are already used in some countries like
Germany and the US to cut costs,Examveda
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12. Scientists from Germany and the U.K. have
proposed a radical explanation for the discrepancy
in measurements of the universe's expansion rate,
known as the Hubble tension, The Hubble
Constant, denoted as HO, is a fundamental
parameter in cosmology that describes the current
expansion rate of the Universe
13. A report has highlighted the ancient origins of
Coffea arabica, the world’s most popular coffee
species, through genome sequencing. The findings
suggest that Arabica coffe developed over
6,00,000 years ago in the forests of Ethiopia via
natural hybridization between two other coffee
species, Coffea canephora and — Coffea
eugenioides. This makes Arabica coffee
significantly older than modern humans.
14. India is considering striking a deal with
Nvidia, the US-based manufacturer of graphies
processing units (GPUs), to source GPUs and
offer them to local startups, researchers, and
academic institutions at subsidized rates. This
initiative is part of India’s Rs. 10,000 crore
Artificial Intelligence Mission, which aims to
boost the country's AI ecosystem and capabilities
15. Meta Platforms, the parent company of
Facebook, Instagram, and WhatsApp, has
announced the launch of its new artificial
intelligence (AI) assistant, Meta Al. Powered by
the company's latest Al model, Llama 3, Meta Al
is integrated into Meta's popular social media and
messaging platforms, aiming to provide users with
ahighly intelligent and free-to-use Al experience.
16. Microsoft's newly introduced VASA-I Al
model represents a significant advancement in the
field of generative artificial intelligence. This Al
model has the capability to produce hyper-realistic
talking faces from just a single portrait photo and
a corresponding speech audio track.
17. The Indian Institute of Technology Guwahati
(IIT-G), in collaboration with the Systematic
Voters! Education and Electoral Participation
(SVEEP) cell of Kamrup election district in
Assam, has developed an innovative 3D printed
dummy ballot unit, Unveiled at the IIT-G campus,
this initiative aims to enhance voter awareness and
participation, particularly among new voters and
senior citizens,
18. On 24" April 2024, NASA has launched the
Advanced Composite Solar Sail System (ACS3),
marking an important moment in the utilization of
solar power for space propulsion. A solar-powered
spacecraft was deployed aboard Rocket Lab's
Electron rocket from New Zealand. This
spacceraft, powered by sunlight, aims to test the
efficacy and potential of solar sails in space
transportation.
19, The Indian Space Research Organisation
(ISRO) is set to achieve another milestone in its
prestigious Gaganyaan mission, India's first
human spaceflight program. The second uncrewed
test flight is planned. Two more uncrewed
missions will take place in 2025.
20. Researchers from the Korea Advanced
Institute of Science and Technology (KAIST)
have developed a high-energy, high-power hybrid
sodium-ion battery capable of charging in
seconds. This breakthrough could potentially
revolutionize the energy storage industry and
provide a viable altemative to lithium-ion
batteries.
21. Microsoft has unveiled Phi-3-mini, the
smallest model in its new Phi-3 family of open AT
models. Phi-3-mini, with just 3.8 billion
parameters, is claimed to be the most capable and.
cost-effective small language model (SLM)
available, Despite its small size, it outperforms
models twice its size across various benchmarks
in language, reasoning, coding, and math,
22. Scientists have detected the most distant-
known instance of a giant flare from a magnetar, a
type of neutron star with immensely strong
magnetic fields, residing in the Messier 82 (M82)
galaxy, also known as the "Cigar Galaxy.” The
flare, a surge of gamma rays, released an amount
of energy equivalent to 10,000 years of our sun's
output in just a tenth of a second
23, India is the country being surrounded by the
Indian Ocean, plays a critical role in
understanding ocean currents and their impact on
weather and climate prediction. A recent study by